How to Perform Insolvency Searches: Protect Your Business from Bad Debt How to Perform Insolvency Searches: Protect Your Business from Bad Debt Are you about to sign a contract, lease, or extend credit to a business? Before you do, you need to know if they are currently dealing with a Licensed Insolvency Trustee. In Canada, insolvency is a matter of public record, but most people don't know how to look for the warning signs. In this video, Ira Smith from Ira Smith Trustee & Receiver Inc. explains what recent insolvency searches and statistics show to ensure you aren't walking into a financial trap. Learn how to navigate the Canadian insolvency system and protect your bottom line. TIMESTAMPS:. 0:00 - Introduction & Insolvency Trends 0:04 - Why Personal Bankruptcies Are Surging in Ontario 0:10 - Consumer Proposals vs. Personal Bankruptcy 0:26 - Impact of Inflation on Fixed Monthly Payments 0:38 - Why Households Are Switching to Bankruptcy 0:48 - Q2 2026 Insolven...